H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 28, 2005 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Apr 27, 2005 Apr 20, 2005 Apr 28, 2004 Apr 27, 2005 Reserve Bank credit 786,712 + 1,085 + 41,957 790,287 Securities held outright 717,941 + 543 + 42,402 718,638 U.S. Treasury1 717,941 + 543 + 42,402 718,638 Bills2 263,005 0 + 15,084 263,005 Notes and bonds, nominal2 433,400 + 515 + 22,012 434,085 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 19,108 Inflation compensation3 2,428 + 28 + 662 2,439 Federal agency2 0 0 0 0 Repurchase agreements4 27,321 - 143 - 2,108 30,750 Loans to depository institutions 102 + 17 + 15 105 Primary credit 7 + 2 - 9 4 Secondary credit 0 0 0 0 Seasonal credit 96 + 16 + 25 101 Float -316 + 155 + 439 -950 Other Federal Reserve assets 41,662 + 512 + 1,207 41,744 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,658 + 14 + 832 36,658 Total factors supplying reserve funds 836,611 + 1,100 + 42,784 840,185 Currency in circulation5 752,733 - 729 + 36,402 754,509 Reverse repurchase agreements6 25,494 + 1,725 + 5,090 25,068 Foreign official and international accounts 25,494 + 1,725 + 5,090 25,068 Dealers 0 0 0 0 Treasury cash holdings 260 - 9 - 67 258 Deposits with F.R. Banks, other than reserve balances 14,406 + 367 - 3,422 15,162 U.S. Treasury, general account 5,586 + 385 - 1,858 6,356 Foreign official 95 - 7 - 8 88 Service-related 8,425 - 1 - 1,545 8,425 Required clearing balances 8,425 - 1 - 1,545 8,425 Adjustments to compensate for float 0 0 0 0 Other 300 - 11 - 12 294 Other liabilities and capital 28,868 + 225 + 8,148 28,520 Total factors, other than reserve balances, absorbing reserve funds 821,761 + 1,580 + 46,151 823,518 Reserve balances with Federal Reserve Banks 14,849 - 482 - 3,367 16,668 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,390,817 + 1,809 + 206,544 1,389,101 U.S. Treasury 1,076,259 + 1,618 + 119,263 1,076,061 Federal agency 314,558 + 191 + 87,281 313,040 Securities lent to dealers 1,595 + 710 - 1,188 1,752 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5. Estimated. 6. Cash value of agreements, which are collateralized by U.S. Treasury securities. 7. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value. Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

H.4.1 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Apr 27, 2005 Apr 20, 2005 Apr 28, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 710 - 6 - 106 Securities, repurchase agreements, and loans 749,493 + 8,246 + 35,528 Securities held outright 718,638 + 1,229 + 42,255 U.S. Treasury1 718,638 + 1,229 + 42,255 Bills2 263,005 0 + 14,248 Notes and bonds, nominal2 434,085 + 1,200 + 22,697 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 Inflation compensation3 2,439 + 29 + 665 Federal agency2 0 0 0 Repurchase agreements4 30,750 + 7,000 - 6,750 Loans 105 + 17 + 24 Items in process of collection (900) 6,649 - 561 + 1,342 Bank premises 1,809 + 4 + 145 Other assets5 39,757 + 331 + 957 Total assets (900) 811,656 + 8,015 + 37,864 Liabilities Federal Reserve notes, net of F.R. Bank holdings 718,816 + 282 + 34,822 Reverse repurchase agreements6 25,068 - 32 + 5,379 Deposits (0) 31,652 + 7,326 - 11,622 Depository institutions 24,915 + 5,091 - 11,426 U.S. Treasury, general account 6,356 + 2,254 - 184 Foreign official 88 + 4 - 12 Other (0) 294 - 21 + 1 Deferred availability cash items (900) 7,600 + 446 + 1,425 Other liabilities and accrued dividends7 3,332 + 69 + 1,038 Total liabilities (900) 786,468 + 8,091 + 31,042 Capital accounts Capital paid in 12,742 + 10 + 3,712 Surplus 11,357 + 37 + 2,563 Other capital accounts 1,089 - 123 + 548 Total capital 25,188 - 77 + 6,823 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 6. Cash value of agreements, which are collateralized by U.S. Treasury securities. 7. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 3. Maturity Distribution of Loans and Securities, April 27, 2005 Millions of dollars U.S. Treasury Federal agency Reverse securities1 securities Repurchase Maturity Loans repurchase Weekly Weekly agreements2 Holdings Holdings agreements2 changes changes Within 15 days 94 59,781 + 1,663 0 0 30,750 25,068 16 days to 90 days 11 158,808 - 1,001 0 0 0 0 91 days to 1 year 0 159,032 - 662 0 0 . . . . . . Over 1 year to 5 years . . . 214,130 + 1,211 0 0 . . . . . . Over 5 years to 10 years . . . 49,890 + 5 0 0 . . . . . . Over 10 years . . . 76,996 + 12 0 0 . . . . . . All 105 718,638 + 1,229 0 0 30,750 25,068 Note: Components may not sum to totals because of rounding. . . . Not applicable. 1. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 2. Cash value of agreements classified by remaining maturity of the agreements.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on April 27, 2005 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,0 3 7 5 1 0 4,3 5 5 4 3 2 4 5 3 8 3 6 9 4 5 9 2 8 3 2 7 2 1 2 3 1 8 5 4 9 1,172 Special drawing rights certificate acct. 2,2 0 0 1 1 5 8 7 4 8 3 1 0 4 1 4 7 1 6 6 2 1 2 7 1 3 0 6 6 9 8 234 Coin 7 1 0 2 1 3 6 6 0 5 6 5 4 7 6 1 2 3 3 8 2 6 4 9 6 1 108 Securities, repurchase agreements, and loans 749,4 9 3 36,7 7 3 315,7 1 5 25,4 9 3 30,3 5 9 54,8 4 4 55,5 9 8 64,7 6 7 22,3 1 1 15,0 3 7 20,3 3 4 35,3 9 6 72,866 Securities held outright 718,6 3 8 36,7 6 8 284,9 6 5 25,4 9 3 30,3 5 9 54,8 4 4 55,5 9 8 64,7 1 7 22,3 0 0 15,0 0 9 20,3 2 6 35,3 9 4 72,865 U.S. Treasury1 718,6 3 8 36,7 6 8 284,9 6 5 25,4 9 3 30,3 5 9 54,8 4 4 55,5 9 8 64,7 1 7 22,3 0 0 15,0 0 9 20,3 2 6 35,3 9 4 72,865 Bills2 263,0 0 5 13,4 5 6 104,2 9 1 9,3 3 0 11,1 1 1 20,0 7 2 20,3 4 7 23,6 8 5 8,1 6 1 5,4 9 3 7,4 3 9 12,9 5 3 26,667 Notes and bonds3 455,6 3 3 23,3 1 2 180,6 7 4 16,1 6 3 19,2 4 8 34,7 7 2 35,2 5 0 41,0 3 2 14,1 3 9 9,5 1 6 12,8 8 7 22,4 4 1 46,198 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 30,7 5 0 0 30,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 1 0 5 6 0 0 0 0 0 5 0 1 1 2 8 8 2 1 Items in process of collection 7,5 4 9 3 8 1 4 8 9 3 7 6 1,1 2 2 3 9 3 6 6 0 4 8 4 1 9 1 2 9 8 5 6 1 4 0 4 2,189 Bank premises 1,8 0 9 1 0 3 2 0 0 5 4 1 5 6 1 4 3 2 7 5 1 7 5 6 1 1 2 2 8 5 2 6 9 166 Other assets5 39,7 5 7 3,4 4 9 14,9 3 6 1,1 9 5 2,6 1 4 5,1 5 8 2,2 3 1 2,7 7 1 9 5 2 8 0 0 7 3 2 1,0 3 9 3,880 Interdistrict settlement account 0 + 5 7 - 4,1 4 9 + 3,0 8 2 + 3 8 3 + 4,3 4 5 + 1,6 7 7 + 1,1 4 2 + 9 + 6 - 5 5 - 2,7 8 4 - 3,712 Total assets 812,5 5 6 41,4 1 0 332,4 5 6 30,7 7 6 35,2 4 6 65,9 2 1 61,6 2 8 70,6 0 3 23,9 6 0 16,5 3 2 22,0 9 0 35,0 3 3 76,902 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2. Face value of the securities. 3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on April 27, 2005 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 855,46 5 39,7 6 5 337,5 4 1 35,6 1 4 35,3 5 0 66,0 2 1 76,0 2 8 73,1 6 9 24,5 7 8 16,3 8 8 24,1 5 7 39,9 3 0 86,923 Less: notes held by F.R. Banks 136,64 9 4,4 4 7 39,1 9 9 7,5 9 8 5,4 3 4 12,2 6 4 21,2 8 0 9,2 3 3 3,0 7 6 1,8 1 1 4,5 7 2 7,8 1 0 19,925 Federal Reserve notes, net 718,81 6 35,3 1 8 298,3 4 2 28,0 1 6 29,9 1 6 53,7 5 8 54,7 4 8 63,9 3 6 21,5 0 2 14,5 7 7 19,5 8 5 32,1 2 0 66,998 Reverse repurchase agreements1 25,06 8 1,2 8 3 9,9 4 0 8 8 9 1,0 5 9 1,9 1 3 1,9 3 9 2,2 5 7 7 7 8 5 2 4 7 0 9 1,2 3 5 2,542 Deposits 31,65 2 1,2 6 4 15,0 0 6 5 8 6 1,2 3 8 4,4 0 0 2,3 3 9 2,0 2 1 6 4 3 3 3 1 8 3 6 8 7 4 2,114 Depository institutions 24,91 5 1,2 5 5 8,4 1 8 5 8 4 1,2 3 3 4,2 8 3 2,3 3 7 2,0 1 7 6 4 1 3 3 0 8 3 4 8 7 3 2,110 U.S. Treasury, general account 6,35 6 0 6,3 5 6 0 0 0 0 0 0 0 0 0 0 Foreign official 8 8 5 5 9 1 4 7 2 3 1 1 1 0 4 Other 29 4 4 1 7 3 1 1 1 1 0 0 1 2 0 1 1 0 Deferred availability cash items 8,50 0 6 7 3 8 7 4 5 4 3 7 3 1 5 0 6 1,1 2 3 3 9 4 1 8 9 4 8 6 5 3 2 3 1 6 2,132 Other liabilities and accrued dividends2 3,33 2 2 0 1 1,0 9 4 1 2 7 1 7 8 3 3 9 2 6 9 3 0 7 1 3 0 1 0 0 1 0 8 1 7 3 307 Total liabilities 787,36 8 38,7 3 9 325,2 5 8 30,1 6 1 33,1 2 2 60,9 1 6 60,4 1 8 68,9 1 6 23,2 4 2 16,0 1 7 21,7 6 9 34,7 1 8 74,093 Capital Capital paid in 12,74 2 1,5 5 4 3,5 0 3 3 0 0 1,0 9 6 2,5 5 1 6 4 8 8 2 6 3 2 0 2 5 3 1 5 5 1 4 8 1,386 Surplus 11,35 7 1,1 1 7 3,4 3 0 2 9 4 1,0 2 8 2,1 4 8 5 1 6 7 6 3 2 3 6 2 5 4 1 5 3 1 3 5 1,283 Other capital 1,08 9 0 2 6 5 2 1 0 3 0 5 4 6 9 8 1 6 2 7 1 2 3 2 141 Total liabilities and capital 812,55 6 41,4 1 0 332,4 5 6 30,7 7 6 35,2 4 6 65,9 2 1 61,6 2 8 70,6 0 3 23,9 6 0 16,5 3 2 22,0 9 0 35,0 3 3 76,902 Note: Components may not sum to totals because of rounding. 1. Cash value of agreements, which are collateralized by U.S. Treasury securities. 2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Apr 27, 2005 Federal Reserve notes outstanding 855,465 Less: Notes held by F.R. Banks not subject to collateralization 136,649 Federal Reserve notes to be collateralized 718,816 Collateral held against Federal Reserve notes 718,816 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 705,579 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 749,388 Less: face value of securities under reverse repurchase agreements 25,086 U.S. Treasury and agency securities eligible to be pledged 724,302 Note: Components may not sum to totals because of rounding. 1. Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.